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Monday, August 16, 2010

Monday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for August 17, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Bank of America Corp. (BAC) - Shares of Bank of America Corp. continue to hold the $13 support level. Bank of America Corp. made a 5th straight lower high on Monday which is worth watching for a reversal. If $13 would fail in the next few trading days, support would be located at $12.20. At that point, Bank of America would be a strong buy for atleast a bounce.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS continues the downtrend which started last week but failed to break below $19.40 which was my buy order on Friday. If we see another red morning on Tuesday, I will be buying FAS for a bounce trade. Hopefully I will be able to buy FAS lower than $19.20.

Netflix, Inc. (NFLX) - Shares of Netflix, Inc. hit another 52 week high on Monday. Netflix is a stock that is soon worth playing from the short side as the stock is so expensive. Short Netflix on a break through the low of the day.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. dropped below $36 on Monday and is now looking even more attractive. If we see a correction below $35, AIG becomes a strong buy for atleast a bounce.

Baidu, Inc. (BIDU) - Shares of Baidu, Inc. were higher on Monday after holding the $80 support level on Thursday and showing strength on Friday. Baidu Inc now has support at $80 as well as $78. I'd buy Baidu below $78 for a trade.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. broke $0.65 support on Monday but continue to rank high on my watchlist. If Ambac breaks back above $1.00, I will get involved again. If you want to try and get ahead of this trade, buying on a break above $0.90 would probably work.

YRC Worldwide Inc. (YRCW) - Shares of YRC Worldwide Inc. hit $0.31 on Monday but are now trading back to $0.29. YRC Worldwide Inc has support located at $0.27 & $0.24. YRC Worldwide now has resistance located between $0.305 - $0.31.

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio continue to trade in a range between $0.95 & $1.05. The next major resistance level for Sirius XM Radio is located at $1.10. Pullbacks to $0.90 are a buy.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. held $20.93 support again on Monday which is bullish. I think you can start buying Cisco Systems for the long term down here below $22. This sell off is way overdone.

Goldman Sachs Group, Inc. (GS) - Shares of Goldman Sachs Group are back below $150 again. Goldman Sachs has resistance located at $160 so expect some selling there if we see a snap back rally. Pullbacks below $148 continue to be a buy for the long term.

Research In Motion Ltd. (RIMM) - Shares of Research in Motion Ltd broke below $52 on Monday due to bad Blackberry Torch sales. I'd be a buyer of Research in Motion below $50 for the long term. Resistance is around $58

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http://www.dowjonesclose.com/bdi.html

Monday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for August 17, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Bank of America Corp. (BAC) - Shares of Bank of America Corp. continue to hold the $13 support level. Bank of America Corp. made a 5th straight lower high on Monday which is worth watching for a reversal. If $13 would fail in the next few trading days, support would be located at $12.20. At that point, Bank of America would be a strong buy for atleast a bounce.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS continues the downtrend which started last week but failed to break below $19.40 which was my buy order on Friday. If we see another red morning on Tuesday, I will be buying FAS for a bounce trade. Hopefully I will be able to buy FAS lower than $19.20.

Netflix, Inc. (NFLX) - Shares of Netflix, Inc. hit another 52 week high on Monday. Netflix is a stock that is soon worth playing from the short side as the stock is so expensive. Short Netflix on a break through the low of the day.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. dropped below $36 on Monday and is now looking even more attractive. If we see a correction below $35, AIG becomes a strong buy for atleast a bounce.

Baidu, Inc. (BIDU) - Shares of Baidu, Inc. were higher on Monday after holding the $80 support level on Thursday and showing strength on Friday. Baidu Inc now has support at $80 as well as $78. I'd buy Baidu below $78 for a trade.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. broke $0.65 support on Monday but continue to rank high on my watchlist. If Ambac breaks back above $1.00, I will get involved again. If you want to try and get ahead of this trade, buying on a break above $0.90 would probably work.

YRC Worldwide Inc. (YRCW) - Shares of YRC Worldwide Inc. hit $0.31 on Monday but are now trading back to $0.29. YRC Worldwide Inc has support located at $0.27 & $0.24. YRC Worldwide now has resistance located between $0.305 - $0.31.

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio continue to trade in a range between $0.95 & $1.05. The next major resistance level for Sirius XM Radio is located at $1.10. Pullbacks to $0.90 are a buy.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. held $20.93 support again on Monday which is bullish. I think you can start buying Cisco Systems for the long term down here below $22. This sell off is way overdone.

Goldman Sachs Group, Inc. (GS) - Shares of Goldman Sachs Group are back below $150 again. Goldman Sachs has resistance located at $160 so expect some selling there if we see a snap back rally. Pullbacks below $148 continue to be a buy for the long term.

Research In Motion Ltd. (RIMM) - Shares of Research in Motion Ltd broke below $52 on Monday due to bad Blackberry Torch sales. I'd be a buyer of Research in Motion below $50 for the long term. Resistance is around $58

BP Plc (BP) reversed nicely on Friday after hitting a low of $37.49 on Thursday. BP has resistance located at $39.79 which is the 10 day moving average and the $40 level. If BP can break back above $40 and hold, I think it has the chance to break out once again. BP will have additional resistance located at $41.59 but then nothing until $45.57. BP is a strong buy on pullbacks below $38.

Apple Inc. (AAPL) continues to make lower highs for the 5th straight trading day. As soon as Apple Inc makes a higher high I think we could see a rebound. Apple has support located at $246 as well as $240. Apple has resistance located at $252 as well as $258.

Friday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for August 16, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS closed below $20 on Friday which is bearish for the short term. I had a buy order in at $19.40 but didn't get filled. If FAS drops down to this level in pre market on Monday, I will jump in for a trade. Rallies back to $21 shouls be sold in the short term and major dips should be bought for a trade.

Bank of America Corp. (BAC) - Shares of Bank of America Corp. continue to hold the $13 support level. Bank of America Corp. was in an uptrend all day on Friday and closed well above $13. If $13 would fail in the next few trading days, support would be located at $12.20. At that point, Bank of America would be a strong buy for atleast a bounce.

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices closed below $6.50 on Friday which is bearish. I would be a buyer of Advanced Micro Devices below $6.00.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. dropped below $37 again on Friday. AIG is a buy at $37 or lower. If we see a correction below $35, AIG becomes a strong buy for atleast a bounce.

Baidu, Inc. (BIDU) - Shares of Baidu, Inc. were higher on Friday after holding the $80 support level on Thursday. Baidu Inc now has support at $80 as well as $78. I'd buy Baidu below $78 for a trade.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. appear to have finally hit a bottom at $0.65. When Ambac breaks back above $1.00, I will get involved again. If you want to try and get ahead of this trade, buying on a break above $0.90 would probably work.

YRC Worldwide Inc. (YRCW) - Shares of YRC Worldwide Inc. are bouncing back to the $0.30 resistance level now. YRC Worldwide stock has support located at $0.27 but then nothing until $0.24. I wouldn't touch this stock until it breaks back above $0.30.

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio continue to trade in a range between $0.95 & $1.05. The next major resistance level for Sirius XM Radio is located at $1.10. Pullbacks to $0.90 are a buy.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. held $20.93 support again on Friday which is bullish. I think you can start buying Cisco Systems for the long term down here below $22. This sell off is way overdone.

Goldman Sachs Group, Inc. (GS) - Shares of Goldman Sachs Group are back below $150 again. Goldman Sachs has resistance located at $160 so expect some selling there if we see a snap back rally. Pullbacks below $148 are a buy.

Research In Motion Ltd. (RIMM) - Shares of Research in Motion Ltd are trading in a range between $52-$56. I'd be a buyer of Research in Motion below $50 for the long term. Resistance is around $58

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. continue the bearish downtrend. Right now, I'd be avoiding Cell Therapeutics until it breaks above $0.55. CTIC will have resistance located at $0.55 and $0.70.

Friday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for August 16, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS closed below $20 on Friday which is bearish for the short term. I had a buy order in at $19.40 but didn't get filled. If FAS drops down to this level in pre market on Monday, I will jump in for a trade. Rallies back to $21 shouls be sold in the short term and major dips should be bought for a trade.

Bank of America Corp. (BAC) - Shares of Bank of America Corp. continue to hold the $13 support level. Bank of America Corp. was in an uptrend all day on Friday and closed well above $13. If $13 would fail in the next few trading days, support would be located at $12.20. At that point, Bank of America would be a strong buy for atleast a bounce.

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices closed below $6.50 on Friday which is bearish. I would be a buyer of Advanced Micro Devices below $6.00.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. dropped below $37 again on Friday. AIG is a buy at $37 or lower. If we see a correction below $35, AIG becomes a strong buy for atleast a bounce.

Baidu, Inc. (BIDU) - Shares of Baidu, Inc. were higher on Friday after holding the $80 support level on Thursday. Baidu Inc now has support at $80 as well as $78. I'd buy Baidu below $78 for a trade.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. appear to have finally hit a bottom at $0.65. When Ambac breaks back above $1.00, I will get involved again. If you want to try and get ahead of this trade, buying on a break above $0.90 would probably work.

YRC Worldwide Inc. (YRCW) - Shares of YRC Worldwide Inc. are bouncing back to the $0.30 resistance level now. YRC Worldwide stock has support located at $0.27 but then nothing until $0.24. I wouldn't touch this stock until it breaks back above $0.30.

Sirius XM Radio (SIRI) - Shares of Sirius XM Radio continue to trade in a range between $0.95 & $1.05. The next major resistance level for Sirius XM Radio is located at $1.10. Pullbacks to $0.90 are a buy.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. held $20.93 support again on Friday which is bullish. I think you can start buying Cisco Systems for the long term down here below $22. This sell off is way overdone.

Goldman Sachs Group, Inc. (GS) - Shares of Goldman Sachs Group are back below $150 again. Goldman Sachs has resistance located at $160 so expect some selling there if we see a snap back rally. Pullbacks below $148 are a buy.

Research In Motion Ltd. (RIMM) - Shares of Research in Motion Ltd are trading in a range between $52-$56. I'd be a buyer of Research in Motion below $50 for the long term. Resistance is around $58

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. continue the bearish downtrend. Right now, I'd be avoiding Cell Therapeutics until it breaks above $0.55. CTIC will have resistance located at $0.55 and $0.70.

Citigroup Inc (NYSE:C) closed below the 10, 50, and 200 day moving averages for the third straight trading day. Citigroup Inc will now have resistance starting at $3.90 all the way up to $4.03. If Citigroup can close back above these moving averages, It has a chance at testing $4.27-$4.30 again. I'd be a buyer of Citigroup for the long term between $3.65-$3.80.